Na Mooda Chekava Lanjaaa
The cost of completing a college degree these days is shamefully more than the cost of an average American's Home Mortgage. Before every academic year, the boards and management committees of universities around the nation increase the tuition rate by about 1% to 5%. Just recently, UCLA students took to the streets to protest a decision of increasing their college tuition by 5% each year, for the next 5 years. I do not blame them at all. These students have every right to do so. The average American college graduate is now graduating with an average loan of $26,000. For students who choose to go to med or law school, this figure may increase by more than 100%. And can we even dare discuss the job market, including of once envied careers such as Law? Crickets. The big problem here is that the job market is heavily saturated right now and it is becoming increasingly difficult for young graduates to find jobs,especially if they majored in most liberal arts degrees. So what do you do when your starting salary right out of college is $30,000 a year but you have an $85,000 college loan?
The truth is that more than ever, parents need to be very strict about their children's academic choices. Gone are the days whereby students only went to college to pursue their passion. Passion is great, but will it pay your bills? The same kids you escorted to college, will be coming back to live at your basement for a couple of more years if you do not assume your parenting role and deny funding their poor choices. In fact, an alarming number of American Students usually go back to live with their parents after graduation because they cannot simply afford to pay their monthly rates and pay for their personal expenses.
